The economy is navigating through a mine field with enough black swans circling to blot out the sun!
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I would take this as a Contrarian indicator these day’s ,
You can only take so much 24 hours a days hyping of the recession/depression before it get’s old.
That being said like some have already said on this thread, I think the lower end is very close to the bottom the upper end ??? that’s still a little bubbly.
One last point here there are a lot a sales happening at the lower end (Temecula Valley for example has number 1 & 3 Cities in re-sales in the U.S. etc…)
This in my mind anyway is a/the signal that the recession is comming to an end.